Average Financial Managers Salary in Maryland nonmetropolitan area
Financial Managers in Maryland's nonmetropolitan areas earn an average annual salary of $127,200. This figure is notably below the national average of $184,480, reflecting the economic dynamics and potentially lower demand typically found outside major urban centers. The specific compensation in these regions is influenced by factors such as local industry concentration and the overall economic output of these areas.
Executive Summary
- Average Salary: $127,200 per year.
- Growth Trend: Salaries have shifted 34.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,160.
- Outlook: The job market for Financial Managers in Maryland's nonmetropolitan areas appears stable, with a total local workforce of 560 professionals. The Location Quotient of 0.94 suggests a concentration of these roles that is very close to the national average, indicating a consistent, albeit not exceptionally high, demand for financial management expertise within these communities.
Salary Overview
The average Financial Managers in Maryland nonmetropolitan area earns-31.0%below the national average.
$61.2
$2,446
$10,600
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a general upward trend in salaries for Financial Managers over the past four years, mirroring national economic growth and increasing complexity in financial operations. This growth would likely be influenced by inflation, evolving industry demands, and the increasing need for sophisticated financial planning and analysis across various sectors.
Financial Managers Salary Distribution in Maryland nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies clear career progression pathways and the increasing value placed on expertise and leadership in financial management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,610 | $30.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $95,400 | $45.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $114,510 | $55.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $159,000 | $76.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,160 | $98.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$127,200
Gross Pay
Real Wage (Purchasing Power)
$127,200
Adjusted for COL (100)
The average nominal salary of $127,200 in Maryland's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in these regions is comparable to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
560
Total Jobs
4.99
Per 1K Jobs
0.94
Location Quotient
Maryland nonmetropolitan area has 0.94x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.94, the job market for Financial Managers in Maryland's nonmetropolitan areas is neither significantly over- nor under-represented compared to the national landscape. This suggests a balanced market where demand for financial expertise is present and aligns closely with national averages, indicating a steady but not intensely competitive environment for these professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Financial Managers Salary | $193,890↑ 52% | 17 mi |
| Baltimore-Columbia-Towson, MD Financial Managers Salary | $167,000↑ 31% | 19 mi |
| Gettysburg, PA Financial Managers Salary | $130,550↑ 3% | 58 mi |
| Lexington Park, MD Financial Managers Salary | $147,130↑ 16% | 59 mi |
| York-Hanover, PA Financial Managers Salary | $148,060↑ 16% | 62 mi |
Comparing salaries near Maryland nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Maryland nonmetropolitan area?
The median annual salary for a Financial Managers in Maryland nonmetropolitan area is $127,200. This typically ranges from $63,610 for entry-level positions to $205,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maryland nonmetropolitan area is 31.0% lower than the national median of $184,480.
Is Maryland nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $127,200 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is consistent with national norms.
Is Maryland nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Maryland nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maryland nonmetropolitan area?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($193,890) and Baltimore-Columbia-Towson, MD.
How does the number of Financial Managers in Maryland's nonmetropolitan areas compare to the national average?
With 4.99 jobs per 1,000 workers, the concentration of Financial Managers is very close to the national average, as indicated by a Location Quotient of 0.94.
What is the total number of Financial Managers employed in Maryland's nonmetropolitan areas?
There are approximately 560 Financial Managers employed within the nonmetropolitan areas of Maryland.
Does the cost of living affect the perceived value of a Financial Manager's salary in this region?
No, the cost of living index is exactly 100, which is the national average. This means the $127,200 salary has the same purchasing power as the national average salary.
Are there many opportunities for Financial Managers in these areas?
The market is stable with a workforce size and concentration close to the national average, suggesting consistent demand for financial management professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Maryland nonmetropolitan area area with a job density of 4.99 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Maryland nonmetropolitan area